LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and more

Garry Wills by Garry Wills
May 8, 2023
in Business Finance
Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and more
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Tyson food meat products are shown in this photo illustration in Encinitas, California.

Mike Blake | Reuters

Check out the companies making headlines in midday trading.

Berkshire Hathaway — The conglomerate’s A shares rose more than 1% as investors cheered a strong earnings report from Warren Buffett’s company. On Saturday, Berkshire reported a 12.6% jump in operating earnings in the first quarter, driven by a rebound in the conglomerate’s insurance business. The stock briefly topped $500,000 apiece Monday.

Catalent — Catalent shares plunged 27% after the company said it will delay the release of its fiscal third-quarter results and expects significant cuts to its 2023 guidance.

Tyson Foods — Shares plummeted 15% after the food production company posted an unexpected loss for the recent quarter and cut its revenue outlook for the year. Tyson Foods now said it anticipates between $53 billion and $54 billion in revenue for the year.

Zscaler — The cloud security stock rallied 22% on strong preliminary earnings and full-year guidance. Preliminary revenue, non-GAAP operating income and billings for the company’s third quarter all came in above respective consensus estimates of analysts polled by FactSet. The company also raised its full-year guidance.

Occidental Petroleum — The energy stock fell nearly 2% after Warren Buffett knocked down speculation that Berkshire Hathaway would take full control of the oil giant. He said he doesn’t know what Berkshire would do with it. The “Oracle of Omaha” has amassed a stake of 23.5%, while receiving approval to purchase up to 50% of the company.

PacWest – The regional bank stock held on to a gain of about 3% on Monday. Shares opened nearly 30% higher after PacWest slashed its dividend but said its business was still “fundamentally sound.” Other regional bank stocks also gave up some early gains, with Western Alliance up less than 2% despite being reiterated as a buy at Janney.

Six Flags — Six Flags jumped 21% after the regional theme park company surpassed first-quarter analysts’ expectations. Six Flags posted a narrower-than-expected loss of 84 cents per share, compared to expectations of a per-share loss of 89 cents, according to FactSet. Six Flags posted revenue of $142.2 million, greater than the expectation of $132.6 million, with CEO Selim Bassoul calling the results “proof points” that its new strategy is working.

American Airlines — Shares jumped 4.2% after JPMorgan upgraded the stock to overweight from neutral. The firm cited American’s improving balance sheet and exposure to international travel as upsides, amid a long-term shift favoring “the Big 3” airlines — American, Delta and United — over discount carriers.

Viatris — Shares gained more than 4% after the pharmaceutical company beat earnings expectations and reaffirmed full-year guidance, helping investors overlook underwhelming revenue. Viatris posted $932.9 million in adjusted net income for the first quarter, beating the consensus estimate of $835.8 million from analysts polled by FactSet. But revenue came in at $3.72 billion, falling short of the $3.8 billion forecast from Wall Street.

AMC Entertainment — The movie theater chain and meme stock favorite added 1.7% in midday trading. The company announced over the weekend that it reached an agreement to settle a class-action lawsuit with shareholders over a proposed conversion of AMC Preferred Equity Units to common company shares.

Fortinet — Shares of the cybersecurity company gained 2.6% as Bank of America upgraded shares to buy. The bank cited the company’s “strong fundamentals” following its latest quarterly report, in addition to a “substantial price advantage over competition.” Fortinet’s stock has soared almost 35% year to date.

Scotts Miracle-Gro — Shares popped more than 6% after JPMorgan upgraded the fertilizer company to overweight from neutral. The bank called the stocks a “very reasonable investments” at current levels.

— CNBC’s Hakyung Kim, Alex Harring, Yun Li, Michelle Fox, Sarah Min, Brian Evans and Jesse Pound contributed reporting

You might also like

Deutsche Bank posts quarterly profit beat despite euro strength

Stocks making the biggest moves after hours: ServiceNow, IBM, Chipotle Mexican Grill and more

Stocks making the biggest moves midday: GE Vernova, Texas Instruments, Krispy Kreme and more





Source link

Share30Tweet19
Previous Post

Prince Louis tries his hand at labouring as royals help renovate Scout hut

Next Post

Australia’s EV campaign video will make you want to go electric no matter where you live

Garry Wills

Garry Wills

Recommended For You

Deutsche Bank posts quarterly profit beat despite euro strength
Business Finance

Deutsche Bank posts quarterly profit beat despite euro strength

July 24, 2025
Stocks making the biggest moves after hours: ServiceNow, IBM, Chipotle Mexican Grill and more
Business Finance

Stocks making the biggest moves after hours: ServiceNow, IBM, Chipotle Mexican Grill and more

July 23, 2025
Stocks making the biggest moves midday: GE Vernova, Texas Instruments, Krispy Kreme and more
Business Finance

Stocks making the biggest moves midday: GE Vernova, Texas Instruments, Krispy Kreme and more

July 23, 2025
Jim Cramer is betting big on a financial stock that is seeking ‘global domination’
Business Finance

Jim Cramer is betting big on a financial stock that is seeking ‘global domination’

July 23, 2025
Next Post
Australia’s EV campaign video will make you want to go electric no matter where you live

Australia’s EV campaign video will make you want to go electric no matter where you live

Related News

FTX EU creditors can now withdraw money from Backpack exchange

FTX EU creditors can now withdraw money from Backpack exchange

May 12, 2025
Curran holds nerve as Oval Invincibles edge London Spirit

Curran holds nerve as Oval Invincibles edge London Spirit

August 15, 2023
Buy-the-dip candidate: Charts suggest this tech stock is poised to rebound

Buy-the-dip candidate: Charts suggest this tech stock is poised to rebound

April 8, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?